Random highlights from the Algerian media - because English speakers need to follow Algeria news too

Friday, May 12, 2006

Algeria news - May 12

El Khabar - With the Paris club's acceptance of Algeria's offer to pay it off, Algeria's debt drops by over 50% to $7 billion, down from over $30 billion in 1995-7. Excellent news; one can but hope that they'll pay off the rest as well. But do they have a viable economic strategy for when oil is cheap, as well as when it's expensive? (though oil may never be cheap again...)